Ten Days on the Market? Or One?!? The housing market this Spring — at least for some kinds of homes, in some Twin Cities neighborhoods — is even hotter and faster than most people realize. That’s because a key MLS statistic that purports to track market time in fact significantly overstates how long a particular...Read More
Deep Freeze — Weather & Housing, Both What happens when you combine a seasonally slow time of year with the season’s first major snowstorm and subsequent deep freeze? Not much real estate activity. Anecdotally, I’d estimate that new listings in the Twin Cities are down about 75% the last few days.Read More
Typical Late August My office, Edina Realty City Lakes, tracks weekly statistics by several categories: new listings, showings, pending sales, closings, etc. From a peak of almost 300 showings earlier this month, weekly showings are down about 50%. Meanwhile, closings — which reflect activity 6-8 weeks earlier — are WAY up. Typical late August ....Read More
